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Innocent success

Smoothie producer Innocent Drinks was the big winner at last night’s inaugural Business XL 10 Awards, after being crowned ‘Company of the Year’ and ‘Brand of the Year’ at the ceremony, held in the heart of the City of London. Innocent was singled out after doubling revenues to £37 million last year.

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Oilman seeks £33m

Michael Garland plans to raise some £33 million on AIM for Tanzania-focused Dominion Petroleum.

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Vue bought for £350m

Bank of Scotland is backing the secondary management buyout of cinema chain Vue Entertainment with £350 million of debt and equity.

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Dixons founder lured by Acorn

Lord Kalms of Edgware, the founder and now life president of Dixons, has joined the board of European soft drinks start-up Acorn Brands as chairman, while Fleming Family & Partners has made €100 million (£69 million) available to fund expansion.

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Ringing endorsement for CSL

A busy few weeks for buyouts and buy-ins have seen Octopus Asset Management throw its weight behind an MBO at security business CSL DualCom, through all four of its Eclipse VCT funds.

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Electra goes Global

Electra Kingsway has supported a management buy-in at market research house FDS, providing finance for the deal via its first and second VCT funds. The new management team – headed by Charlotte Cornish and Richard Hepburn – also invested in the transaction.

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Avisis heads for OFEX

Digital screen technology concern Avisis has raised £250,000 of working capital through an undersubscribed offer of five million ordinary shares at 5p per share.

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ISIS jumps on bike bandwagon

ISIS Equity Partners has paid £5.7 million for a stake in Fisher Outdoor Leisure, backing the bicycle parts and accessories distributor’s £13.5 million management buyout.

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Avisis heads for OFEX

Digital screen technology concern Avisis has raised £250,000 of working capital through an undersubscribed offer of five million ordinary shares at 5p per share.

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ISIS jumps on bike bandwagon

ISIS Equity Partners has paid £5.7 million for a stake in Fisher Outdoor Leisure, backing the bicycle parts and accessories distributor’s £13.5 million management buyout.

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Ingenious deal

Ingenious’ first Music VCT has completed only its second investment to date, backing the second album of Mercury Prize nominee Martina Topley-Bird. Nominated for the prestigious music industry prize in 2003 for her debut release Quixotic, Topley-Bird is now working on her new album.

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Worthington secures £20m

Adviser and broker Corporate Synergy has successfully brought the UK's largest independent air conditioning, heating and chilled water systems installer to AIM, with a £20 million funding.

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PPM tackles Azzurri

PPM Capital, the private equity arm of Prudential, has acquired information and communication technology consultant Azzurri Communications in a £182.5 million deal.

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NVM backs Nightingales to soar

Northern Venture Managers has backed a management buy-in at mail order clothing retailer Nightingales, taking a £5 million stake in the business via its portfolio of VCT and private equity funds.